aquapub
DP Veteran
- Joined
- Apr 16, 2005
- Messages
- 7,317
- Reaction score
- 344
- Location
- America (A.K.A., a red state)
- Gender
- Male
- Political Leaning
- Conservative
I'm not a huge fan of sales taxes as a rule, but the Fair Tax is a better option than the current tax code obscenity we have today.
I suspect that you'll eventually get something like the Fair Tax or a National Sales Tax -- and the Income Tax.
This is why I have a greater preference for a universal Flat Income Tax.
I don't think there's any doubt this would have an inflationary effect in the short term. It would force prices up across the board.Would I have to pay this tax on services like my utilities? My power bill? Phone and internet bills? If so this would push me completely under the water. I couldn't live a normal lifestyle and pay that on my current earnings.
However, the inflationary effect would be short-lived, as once the tax was in place and markets priced its effects into the costs of goods and services, future upward pressure on prices from the Fair Tax would be zero.
This part explains why the taxes would be at 23%:Americans For Fair Taxation: The FairTax Rate: a 23% tomato or a 30% tomato?The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including:
A progressive national retail sales tax.
A prebate to ensure no American pays federal taxes on spending up to the poverty level.
Dollar-for-dollar federal revenue neutrality.
Repeal of the 16th Amendment through companion legislation.
Otherwise this just means I'm getting robbed out of my left pocket instead of my right, to pay for the same bloated, intrusive, outta-control government.
There is a pre-bate written into the legislation for use on necessities.Exactly... it's really the same thing as what we have now, except you get taxed later rather than sooner.
I'm really having trouble deciding whether I support it or not. There'll still be loopholes, and people will want to manipulate it- for example, since food is a necessity, people would want a lower tax on food than on everything else... eventually everything would have its own tax rate and then the free market would suffer....
The FairTax Act (HR 25, S 296) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
I do not support the 'Fair' tax because it would destroy our economy and possibly our democracy.
Current free market systems are imperfect markets, and those imperfections tend to cause wealth to increasingly accumulate with the already wealthy. When the wealth of a society accumulates overmuch in the top tiers of a society, general prosperity diminishes and misery increases. Such conditions tend to cause social unrest and instability while increasing the political power of those who hold the wealth.
Progressive taxation helps to offset the results of these imperfections in our market system, and the so called 'Fair' tax is regressive, the exact opposite. In such a system, the wealthy are taxed proportionally less than the middle class.
While the progressive income tax is an admittedly blunt instrument, the so called 'fair' tax would accelerate problems already evident in our system. I do not support the 'fair' tax because I value our free market system too much (imperfect though such systems currently inherently are).
The difference between liberals and conservatives is that liberals wish the world was a simpler place, but they know that it is unfortunately not. Conservatives mistakenly believe it actually is simpler than it is. The 'Fair' tax proposal is an example of this type of thinking.
I lean against the Fair Tax on moral grounds because I do not believe the poor should be taxed as much as the rich, but wow I have never seen such a high concentration of incorrectness in one post in my whole life. It's like every individual word is wrong. It almost makes me fully support the Fair Tax and would if your mind-bogglingly wrong arguments against it were the only ones.
Can you say what exactly is wrong about his post? Instead of just 'saying' that it is?
I tried doing that but found that he spoke in such a way that I'd first have to know exactly what led him to those conclusions before I could go over individual points.
What is your idea of 'nonpartisan'?
Americans For Fair Taxation: Co-Sponsor Gallery
I see....1 Democrat and...54 Republicans. This is clearly as partisan as it gets. Unless you have a different idea of non-partisan.
I cant believe Im defending Aqua on this but non-partisan in political organizational terms means that they do not actively endorse candidates. All they report is their stance on taxes and its members make a choice based on their info. Downsize DC operates on the same basis.
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